Brass LNG
Overview
| Start date | 2017 |
| Location | Brass, Niger Delta |
| Trains | 2 |
| Capacity | 10 mtpa |
| Investment | $15 billion |
| Operator | Eni |
| Stakeholders | NNPC, 49%; ConocoPhilips, 17%; Eni, 17%; and Total, 17% |
| Website (link) | www.total.com/.../brass-lng |
Additional information
The Brass LNG project has been repeatedly delayed. The FID was first expected in 2006, and the most recent deadline of April 2013 has been missed.
NNPC will reduce its stake in the project from 49% to 30% to acquire around $2 billion of investment from Japanese companies. LNG Japan will get a 10% stake in the project, while Itochu will take 3%, and Sahara and Sempra Energy 2%. The Bayelsa and Rivers governments will each take 5% of NNPC's stake.
ConocoPhillips has said it will sell its Nigerian assets, but confirmed its commitment to seeing the Brass project through to FID. This is causing further delays, as the partners are unable to find anyone willing to take on Conoco’s 17% share.
Page updated: 22/08/2014